Of course, good news like Ronny Paulino being gone ... minuscule good news that it is ... is trumped by more news from the financial sector:
The owners of the Mets, needing cash and unable to turn to Major League Baseball for more financial help, received a $40 million loan from a major bank in the past six weeks.The team described the arrangement as a bridge loan, meant to aid the team as it tries to raise money through the sale of minority stakes in the club.
A bridge loan? As in the one I'm about to jump off?
The loan marks the second time in a year that the Mets have received an infusion of cash. A year ago, the team’s owners, Fred Wilpon and Saul Katz, received a $25 million loan from Major League Baseball, but they have not been able to repay it. Meanwhile, Sandy Alderson, the club’s general manager, said last week that the organization had lost $70 million in 2011 alone. (...)
The implications of the team’s latest outside financing are not easy to forecast. But two peop...